New Zealand: Market for Toothed wheels, chain sprockets and other transmission elements 2025

Market Size for Toothed wheels, chain sprockets and other transmission elements in New Zealand

The New Zealand market for toothed wheels, chain sprockets and other transmission elements surged to $X in 2021, with an increase of 33% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from New Zealand

In 2021, shipments abroad of toothed wheels, chain sprockets and other transmission elements decreased by -15.3% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2017 with an increase of 64% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements dropped to $X in 2021. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 71%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Australia (X tons) and Singapore (X tons) were the main destinations of exports of toothed wheels, chain sprockets and other transmission elements from New Zealand, together accounting for 71% of total exports. These countries were followed by South Africa, Chile, Japan, the UK, Fiji, Brazil, France and India, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +107.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and Singapore ($X) constituted the largest markets for toothed wheels, chain sprockets and other transmission elements exported from New Zealand worldwide, with a combined 71% share of total exports. These countries were followed by South Africa, Chile, Japan, the UK, Fiji, Brazil, France and India, which together accounted for a further 20%.

In terms of the main countries of destination, Brazil, with a CAGR of +61.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, surging by 4.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2015 an increase of 18%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and South Africa ($X per ton), while the average price for exports to France ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into New Zealand

In 2021, purchases abroad of toothed wheels, chain sprockets and other transmission elements increased by 31% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021. The total import value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of imports of toothed wheels, chain sprockets and other transmission elements to New Zealand, with a combined 54% share of total imports. Australia, China, Japan, France, the UK, Slovakia, South Korea, India and Taiwan (Chinese) lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +20.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Italy ($X) appeared to be the largest toothed wheels, chain sprockets and other transmission elements suppliers to New Zealand, together comprising 54% of total imports. Australia, China, Japan, France, the UK, Slovakia, South Korea, India and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 38%.

India, with a CAGR of +16.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price showed a pronounced downturn. The growth pace was the most rapid in 2019 when the average import price increased by 15%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and the United States ($X per ton), while the price for Slovakia ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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